“We, the undersigned organizations concerned with data privacy and consumer protection, write to express grave concerns raised by the early reports of the significant data security breach affecting T-Mobile customers and applicants whose information was stored by Experian. “
“We are writing to urge you to oppose H.R. 3192, which insulates lenders from accountability when they make misleading disclosures to homeowners. The bill, which suspends liability to individuals and government for the first four months after the new mortgage disclosure rules take effect, undermines compliance with the new rules by letting lenders off the hook even where homeowners have been harmed. “
“Americans for Financial Reform (AFR) is pleased to submit these responses to the RFI issued by the Department of the Treasury. The extraordinary diversity of on-line lending models and the rapid growth of the sector mean that continued monitoring will be necessary and the sector will likely fall into the purview of multiple regulators. We encourage the Treasury Department to remain active in determining the appropriate regulatory models, and we will further examine the responses to this RFI with interest to evaluate what types of regulation seem appropriate.”
“On behalf of Americans for Financial Reform (AFR), we are writing in opposition to HR 414, the “Burdensome Data Collection Relief Act”. This legislation would eliminate the requirement in Section 953(b) of the Dodd-Frank Act that firms publicly disclose the ratio between the pay of their chief executive officer and the pay of the median worker at the firm. The SEC has recently completed the rulemaking to implement this rule, and investors and the public are now anticipating that that important data will become available. “
“We are writing as organizations that strongly support the Department of Labor’s (DOL) efforts to strengthen protections for working families and retirees by requiring the financial professionals they turn to for retirement investment advice to act in their best interests. As such, we oppose H.R. 1090, the misnamed “Retail Investor Protection Act,” and urge you to vote NO when the bill comes up for a vote in the Financial Services Committee. “
“On behalf of Americans for Financial Reform, we are writing to urge your opposition to HR 957, to establish an independent Inspector General for the CFPB. The proposal would not benefit consumers and, further, is an effort by the committee to make government bigger, not better.”